The R-W-W Framework is used to screen new products. R-W-W stands for:

Is it Real?
Can we Win?
Is it Worth doing?

Drag and drop each description of a new product below to the correct R-W-W category. When you've classified each description, click Submit.

The new product would cost $12.50 to manufacture, and similar products sell for $9.00.

Research shows that 85% of high school students enjoyed playing the new game.

The results of the last market survey showed only 35% of consumers were interested in the new product.

A smaller ergonomic mouse was used by 57% of data entry clerks who participated in the survey.

To manufacture the new product, the company may need to hire 10 more assemblers.

Submit

R: Is it real?

W: Can we win?

W: Is it worth doing?

Dakota company experienced the following events during 2016. 1. acquired $30,000 cash from the issue of common stock. 2. paid $12,000 cash to purchase land. 3. borrowed $10,000 cash. 4. provided services for $20,000 cash. 5. paid $1,000 cash for utilities expense. 6. paid $15,000 cash for other operating expenses. 7. paid a $2,000 cash dividend to the stockholders. 8. determined that the market value of the land purchased in event 2 is now $12,700

Value economics capital scarcity opportunity cost wealth labor trade-offs standard of living good a. condition of not having enough resources to produce all the things people want b. alternative choices made by consumers in the marketplace c. sum of those economic products that are tangible, scarce, useful, and transferable d. tools, equipment, machinery, and factories used in the production of goods and services e. tangible item that is economically useful or that satisfies an economic want f. quality of life based on the ownership of the necessities and luxuries that make life easier g. people with all their efforts, abilities, and skills h. cost of the next-best alternative use of money, time, or resources when one choice is made rather than another i. study of how people try to satisfy their needs through the careful use of scarce resources j. worth that can be expressed in dollars and cents

The amount that people are willing to pay for each additionally unit of a product or service is the